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#304993 - 01/11/18 04:38 AM Re: Bitcoin [Re: pdx rick]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 40775
Loc: Puget Sound, WA


At my income level AND with my piddly little $800 account, the IRS is not going to notice me at all. smile

Besides, it's only reported when I cash out. Hmm
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#304994 - 01/11/18 06:34 AM Re: Bitcoin [Re: pdx rick]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7398
Loc: North San Diego County
You may be surprised. I think this is why some people use private wallets. Exchanges may send a yearly document of all your sales to the IRS. Stock brokers certainly do.

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#305006 - 01/12/18 01:23 AM Re: Bitcoin [Re: pdx rick]
pdx rick Offline
Member
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Registered: 05/09/05
Posts: 40775
Loc: Puget Sound, WA



Ethereum dives as one of the world's biggest cryptocurrency markets considers a bill to ban trading

CNBC.com


I took a total hit from two days ago. Lost over $241.00. I'm still walking away with more than my $45.00 initial investment. Parked the money in the exchange's "wallet." I'll wait and see. But, I think this cryptocurrency thing is done.


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#305015 - 01/12/18 11:54 AM Re: Bitcoin [Re: pdx rick]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7398
Loc: North San Diego County
Too bad. You gambled and you won the first time. You are totally screwed.
Now you are going to keep on gambling and always be broke as a result.

Maybe you can keep it down to one lottery ticket a week. Your odds are almost the same as somebody finding a winning ticket laying on the ground. But at least you can feel like you are gamboling and it only costs you $52 dollars a year.

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#305029 - 01/12/18 05:43 PM Re: Bitcoin [Re: pdx rick]
pdx rick Offline
Member
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Registered: 05/09/05
Posts: 40775
Loc: Puget Sound, WA
Quote:
“The South Korean government has no other choice but to follow the regulatory frameworks and trends established by other leading governments.

While there certainly exists a negative reputation attached to the cryptocurrencies, the government’s stance is to allow what has to be allowed, for the benefit of the South Korean market.”

Coin Telegraph.com




I'm back in. laugh

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#305494 - 02/05/18 07:52 AM Re: Bitcoin [Re: pdx rick]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7398
Loc: North San Diego County
In 2014, 50 cent agreed to accept bitcoin as payment for an album. Then he forgot about it. He remembered when bitcoin hit $10000. It was worth 7 million dollars!

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